I need help figuring out the break even analysis for BOTH. Please help me. There is an example on the website already but it doesnt do both and its wrong because the One time eqiupment cost is only for one year not both! Please help!

Djective: Identify which new business is more feasible of the two options below, based on eak-even analysis and additional research. How to Complete This Assignment: Step 1: Complete a break-even analysis for BOTH options using this formula: Sale units to break-even = fixed costs/(sales price per unit - variable cost per unit) Determine how many sales units are needed per month and per hour. Determine what is the dollar value of sales necessary based on the break-even units. Type all of your math calculations and provide in the submission document. Step 2: Research the business models and industries involved Step 3: Choose which business alternative is most feasible and prepare to explain why. Step 4: Write your submission including the following content. Content: 1. Explain which option is the better investment/more feasible and why. Consider the break-even analysis and research to support your position 2. Identify additional costs that are missing from the information provided 3. Using appropriate terminology from the textbook, develop a marketing plan for the business explaining the following a. What are the four P's involved for this venture? b. What type of market research needs to be completed? What type of market segmentation would be appropriate? ORI C Hoje New Business Options: 1. HAIR SALON 2. FITNESS CENTER Operation Hair salon that services Small operation fitness center For men, women, and children For ages 13 and up 1000 square feet 5000 square feet Seating area and 8 open booths Industry Similar to Supercuts Similar to Anytime Fitness Location Any strip mall in a suburb of Central Ohio Hours 10 hours per day from 16 hours per day from 10am - 8pm, 7 days a week. 6am - 10pm, 7 days a week. Estimated Yearly Building Lease: $70,000 1st Franchise Investment: $60,000 Fixed Yearly Utilities Costs: $45,000 2nd Year Franchisee Investment: $30,000 Costs Yearly Marketing Expense: $14,000 One Time Equipment Fee: $110,000 Owner Salary/Year: $55,000 Yearly Utilities Budget: $12,000 Yearly Building Lease: $25,000 Owner Salary/Year: $55,000 Estimated Products used per Customer: $0.75 Zero per customer Variable Commission to Stylist: 50% Costs Monthly Membership: $50.00 Estimated Average Sale per Customer: $25.00 Revenue 5 o Bi g E ly